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Description

Century21 Capstone Commercial Group is pleased to offer the exclusive listing of 761Miller Street in Gastonia, NC for sale. Current ownership has spent significantcapital to rehabilitate this 8-unit apartment property. All floor plans are 3 bed-1 Bath Exterior upgradesinclude new roofs, windows, doors and siding. The interior was taken down tothe studs and new cabinets, counter- tops, appliances, flooring, and fixturesincluding wall mounted HVAC systems were added. The current owner- ship hasspent an estimated hundred-thousand dollars in renovations and upgrades to theproperty. Currently rents are below market value the buyer will benefit from anin- crease in rental rates. Theproperty is also located within one mile of the Loray Mill and the planned(FUSE) Franklin Urban Sports and Entertainment development in Gastoniapotentially breaking ground in 2018. LorayMill was once one of the largest textile mills in the southeast and starting in2012 was converted into apartments and included retail to help revitalize thearea. FUSE aims to help revitalize the area through a development that willcontain a new baseball stadium which will house Gastonia’s Summer leaguebaseball team. In addition, surrounding the stadium will be retail shopping,dining, and apartments.